Hi, I liked what MarketSurfer was doing, so I thought I'd give it a try too. After spending some time trading the equities market, I decided to take a hiatus. The manipulation, limited hours, unlimited tickers to pick from etc. seemed to limit my success - or should I say severely hamper it I really enjoy trading Forex as it is 24 hours, more predictable (or so it seems thus far), and I can choose from a few currency pairs that I know will continue to demonstrate plenty of volatility as they work in conjunction with each other. So, I will use this as a diary of trades, or sort - displaying my entry and exit prices. I will be using a trailing stop of 50 pips (30 pips for USD/JPY) and aiming for 100 pips in profit (60 pips for USD/JPY). Of course, if the momentum is still there I will let my trade run past 100 pips using a tighter stop (i.e. 20-30 pips). Today (Aug 4): EUR/USD - Long @ 1.3333 GBP/USD - Long @ 1.6120 USD/CHF - Short @ 1.3546 USD/JPY - Short @ 120.32 Good Trading, Jer
Hi Alberto, I am using GFTForex's DealBook FX platform and I use a 30 min. timeframe with a 20SMA. Good Trading, Jer
When I went to bed (1:45 am PDT), the UK and E-12 economic data was in my favor. Nevertheless, the dollar strengthened overnight. EUR/USD - Stopped @ 1.322 -11 pips GBP/USD - Stopped @ 1.6089 -31 pips USD/JPY - Stopped @ 120.62 -30 pips Sub Total -72 pips Total since starting thread -33 pips Jer
Good stuff. Keep at it! Are you ONLY using an SMA to determine your entries and exits? Most people (in other words, me) try to use a couple tools to confirm each other (in order to weed out the weaker signals)... I'm following your journal closely.